Episode Synopsis "Consumer Surplus and Producer Surplus"

Lecture 5: Covers Chapter 4 of Krugman-Microeconomics. An explanation of consumer and producer surplus, continuing topics from lecture 4.

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More episodes of the podcast Principles of Microeconomics, Winter 2013

• Markets, Supply and Demand
• S&D Shifters and Willingness to Pay
• Consumer Surplus and Producer Surplus
• Price Floors and Price Ceilings
• Elasticity
• Excise Taxes
• Economic Costs
• Market Externalities
• Market Externalities 2
• Public Goods
• The Welfare State
• Theory of the Firm
• Theory of the Firm 2
• Perfect Competition
• Monopolies